Kyndryl (KD) Group President Keinan Elly Withholds Shares for Taxes

What Happened

• Keinan Elly, Group President of Kyndryl Holdings (KD), had a total of 62,151 shares withheld by the company on August 1, 2026 to satisfy tax withholding upon the vesting of restricted stock units (RSUs). The withholding consisted of 34,645 shares at $13.48 worth $467,015 and 27,506 shares at $13.48 worth $370,781, for a combined value of $837,796.
• These share dispositions were tax withholdings (code F) and were not open‑market sales by the reporting person; the shares were offset against the total vested shares delivered.

Key Details

• Transaction date: August 1, 2026; Filing date: August 4, 2026 (Form 4).
• Prices and amounts withheld: 34,645 shares @ $13.48 = $467,015; 27,506 shares @ $13.48 = $370,781; total withheld 62,151 shares = $837,796.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 = withholding on the vesting of 62,648 RSUs granted Aug 1, 2022; F2 = withholding on the vesting of 49,738 RSUs granted Aug 1, 2023. The shares were withheld by the issuer to satisfy tax obligations and were not sold by the insider.
• Exhibits: Exhibit 24.1 — Power of Attorney included.

Context

• This was a tax-withholding adjustment tied to RSU vesting (a common administrative event), not a market sale or open‑market purchase. Such withholdings are routine and do not, by themselves, indicate insider sentiment about the company.
• For retail investors: purchases typically signal a stronger read into management sentiment; tax-related withholdings are neutral administrative transactions.